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Restaurant

Sonic

299 Grayson Hwy, Lawrenceville, GA 30046

Listing Price: $1,974,978

Cap Rate
5.15%
Tenant Name
AFG SR Lawrenceville, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,597
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.69

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 299 Grayson Highway in Lawrenceville, GA. The site will consist of roughly 1,597 rentable square feet of building space on estimated 0.80-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $101,711 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP II, LLC (18 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $1,974,978

Cap Rate
5.15%
Tenant Name
AFG SR Lawrenceville, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,597
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.69

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP II, LLC (18 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 299 Grayson Highway in Lawrenceville, GA. The site will consist of roughly 1,597 rentable square feet of building space on estimated 0.80-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $101,711 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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